BELIZE REAL ESTATE SCAM

Monday, November 27, 2006

What is BELIZEA? Why is it a real estate SCAM? HOW CAN BELIZEA, AUCTION LAND RIGHTS THAT HAVE ALREADY BEEN SOLD TO OTHER INVESTORS?

BELIZEA is a real estate scam run by Gerhart Walch out of Hawaii. Basically, he is selling "prime ocean front lots" as convertible securities without transferring land ownership titles in Belize. The company started as Compudore based in Hong Kong, then switched to WSF, to protect the 1,500 shareholders from future fraud, the SEC permanently kicked WSF off the public stock markets for failing to provide audits. Desperate and facing the reality of his SCAM failing apart, Gerhart Walch "CEO" set-up a Texas based corporation named "BEST PARK BELIZE INC" The same patterns of fraud quickly became evident and many of those working of the project decided to not risk damaging their good names and opted off the project.

Gerhart is a professional con artist and continues to use the names of people and organizations that he has "worked" with in the past to keep funding his lifestyle. He is broke (ask him for a credit check and watch his reaction) and he depends on land sales in the 20k-40k range to pay his monthly finances expenses for his home, cars, etc. As long as he can find one more "sucker" to buy land in Belize he can pay the bills to keep the front alive.

He targets NFL/NBA players and doctors - because they are historically bad businessmen and typically are easy to take advantage of because they don't know much about international real estate laws. The average deal is only 20k and when the investor takes Gehart Walch to court he will defend himself, blame the accountants etc, then eventually the courts will rule in favor of the investors but Gehart will make them sign a "gag" agreement that prevents the investor from talking about Compudore, WSF , BELIZEA and/or BEST PARK's scam with other people without facing penalties.

The truth is that the majority of the land titled in Belize is hidden within a family trust set-up in Hong Kong, Gerhart has spread the ownership across his family to include grandmothers, children etc. Many of whom believe that he is a legitimate business man. He thrives on people not being able to talk about the truth because they don't understand the BELIZEA SCAM and/or by the time they figure it out the legal cost are not worth trying to get the 20k-40k back and so they are embarrassed and do nothing. He thrives on any and all that will fund his fantasy.

The fact is that Gerhart Walch is no stranger to law suits, he expects them and goes into deals knowing what he can "get away with". Several major service firms, law firms and "consultants" are pursuing legal action. However, he continues his SCAM and as long as there are innocent investors - who like the idea of living in Belize - the SCAM will continue.